The proposed Regulations Amending Certain Regulations Made Under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act 2018 have been published in Part I of the Canada Gazette.
The proposed amendments include changes to the:
- Proceeds of Crime (Money Laundering) and Terrorist Financing Suspicious Transaction Regulations;
- Proceeds of Crime (Money Laundering) Terrorist Financing Regulations;
- The Cross-Border Currency and Monetary Instruments Reporting Regulations;
- Proceeds of Crime (Money Laundering) and Terrorist Financing Registration Regulations; and
- Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties Regulations.